Notcoin (NOT) has surged greater than 11% prior to now 24 hours, breaking above $0.021 as bulls hit a two-week excessive.
The Telegram-based recreation token’s worth is prone to rally additional amid contemporary momentum for the associated Toncoin (TON) coin, which hit a brand new all-time excessive on Friday to push 100% of addresses into profitability.
After surging double-digits, Notcoin’s market cap has reached $1.9 billion, rating the just lately launched coin of the viral tap-to-earn recreation 49th amongst largest cryptocurrencies by market cap. Compared, VeChain (VET), Maker (MKR) and Optimism (OP) have all declined over the previous 24 hours, dropping by 6%, 2% and seven% respectively.
With NOT signaling the potential for extra features, it’s attainable that Notcoin flips VET, MKR and OP by market cap. All three cash have a market cap of simply over $2 billion in response to knowledge from CoinMarketCap.
Notcoin’s 24-hour buying and selling quantity of $1.2 billion solely lags that of Bitcoin, Ethereum, BNB, Solana and stablecoins USDT, USDC and FDUSD.
NOT worth rose to an all-time excessive of $0.028 on June 2, though it retreated to $0.019 amid draw back stress throughout the broader crypto market.
Notcoin’s surge amid new Tap2Earn pattern
The most recent uptick in worth for Notcoin comes because the business witnesses a spike in “Tap2Earn” and associated tokens. At the moment, the highest trending choices embody Hamster Kombat and Yescoin.
For Notcoin, the most important pull is its first mover benefit within the Telegram ecosystem. Progress for The Open Community (TON) prior to now few months has additionally mirrored in Notcoin, with Telegram’s 900 million consumer base and growing assist for crypto on the platform fueling curiosity and development.
Metrics corresponding to every day energetic addresses for TON have risen sharply prior to now three months. This trajectory is prone to drive related traits for Notcoin, which is trying past Tap2Earn for development.